464
464
Nov 7, 2012
11/12
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the fiscal cliff is facing us. we need to solve it. it's the most important thing that government can do. you were talking earlier about creating jobs and what candidate is best for creating jobs. remember that businesses and not government create jobs and what government does is create circumstances under which business can create jobs. the most important set of problems facing job creators today is uncertainty coming from the fiscal cliff. my personal view as a supporter of obama is he's more likely to be the person able to deal with that because he's put the entitlement reforms on the table that are necessary to get that done. we need entitlement reform and tax increases. mitt romney, who i've known for a long period of time and have huge personal respect and affection for has a set of tax policies out there that are unrealistic. so that's one of the reasons i support obama. i do think whoever becomes the next president is going to have to deal with that as the very first thing before dealing with any other issues that face us. >> i
the fiscal cliff is facing us. we need to solve it. it's the most important thing that government can do. you were talking earlier about creating jobs and what candidate is best for creating jobs. remember that businesses and not government create jobs and what government does is create circumstances under which business can create jobs. the most important set of problems facing job creators today is uncertainty coming from the fiscal cliff. my personal view as a supporter of obama is he's more...
686
686
Apr 23, 2013
04/13
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CNBC
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eye 686
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so women and men are resilient, are there, we have lived through the fiscal cliff. the sun rose the next day. yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan, very prominently is doing that right now. that's got to hurt a company like yours, trying to sell goods overseas. >> it's hurt us modestly. in constant currency, as an example, our sales are off up 1 but because of the chain of reduction in the volume, we're only up 7%. it's impacted us a few cents ton bottom line as well. but we do some hedging and we are very diversified. >> what can you tell us about japan? it seems that's all we're talking about in terms of the market activity there, huge rallies, all the stimulus from the central bank there. what are you seeing on the ground in terms of the c
so women and men are resilient, are there, we have lived through the fiscal cliff. the sun rose the next day. yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan,...
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219
Apr 25, 2012
04/12
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ben bernanke is going to be cautious as you approach that fiscal cliff. one thing to keep in mind that i was very earn courage encouraged by, there is a possibility that they could do more if all of a sudden the economy doesn't perform and the fact that is he now encouraging or suggesting that economic growth is something that they should consider, that's very encouraging. >> let's switch gears to another issue near and dear to our heart and that is taxes. dividend taxes doubling, capital gains taxes going way up. what does that mean for investors? >> we think about that a lot, especially for dividend-yielding stocks which we generally like. we see companies raise dividends, like dupont and exxon. in reality, even if dividend yields go up, they are still attractive. i think that's holding the market up. i think rates are going to go up but it's funny to see, you look at companies and their free cash flow yields and get excited at 5% and with companies with 10% in the balance sheet. now it's triple that. stocks look so cheap that you cannot help to be exci
ben bernanke is going to be cautious as you approach that fiscal cliff. one thing to keep in mind that i was very earn courage encouraged by, there is a possibility that they could do more if all of a sudden the economy doesn't perform and the fact that is he now encouraging or suggesting that economic growth is something that they should consider, that's very encouraging. >> let's switch gears to another issue near and dear to our heart and that is taxes. dividend taxes doubling, capital...
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168
Apr 30, 2013
04/13
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CNBC
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eye 168
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everybody thought that after we went through, you know, the fiscal cliff, we got through the sequester, the worst-case story didn't happen. now, you know, the consumer is starting to run out of money. we saw the chicago purchasing managers' index dip below 50%. on balance, most of the numbers aren't reaching expectation. and the market's just ahead of itself. >> but i guess the issue is, here we've got the federal reserve, providing this, you know, regular stimulus, $85 billion of bond purchases a month. we donate see the unemployment rate, where they're targeting, but we know that the fed is going to still be there. how do you get in front of this chain? i recognize that the economy is just so-so. what's going to be the catalyst to actually create that 10% sell-off? >> i think it's just further erosion over time. it's interesting, the break in the price of gold a couple of weeks ago is sort of like a canary in the coal mine. we saw how quickly money can leave a sector and then a bottom seems to occur and people get comfortable again. i just think that once people wake up to the fact t
everybody thought that after we went through, you know, the fiscal cliff, we got through the sequester, the worst-case story didn't happen. now, you know, the consumer is starting to run out of money. we saw the chicago purchasing managers' index dip below 50%. on balance, most of the numbers aren't reaching expectation. and the market's just ahead of itself. >> but i guess the issue is, here we've got the federal reserve, providing this, you know, regular stimulus, $85 billion of bond...
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272
Apr 5, 2012
04/12
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CNBC
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eye 272
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but we're in the camp of a fiscal cliff in the second half of 2012. consumers and businesses are going to have to adjust their behavior in advance of the big tax changes that happen in january of 2013. so there's a chance that the fed will have to step in. where we're sitting right today, especially on the hope of the eve of the payrolls tomorrow, we don't expect, you know, that the data is going to deteriorate significantly in the very near term. >> one issue that i was pointing at earlier, which i think is really -- it struck me is the fact that in the first quarter earnings are expected to grow for the s&p 500 under 1%. you're talking about earnings growth of .93%. given a 17% rally in the nasdaq, a 13% rally in some of the other averages, are the expectations too high in terms of what we're going to see in earnings? >> i think we've caught up with something that is more of a fair value. look, when we got into the fourth quarter, everyone was so negative. everyone had huge amounts of cash, afraid to take risk, and i think people are just expecting
but we're in the camp of a fiscal cliff in the second half of 2012. consumers and businesses are going to have to adjust their behavior in advance of the big tax changes that happen in january of 2013. so there's a chance that the fed will have to step in. where we're sitting right today, especially on the hope of the eve of the payrolls tomorrow, we don't expect, you know, that the data is going to deteriorate significantly in the very near term. >> one issue that i was pointing at...
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258
Aug 1, 2012
08/12
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CNBC
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eye 258
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ceo's give their insight on housing, the economy, and the looming fiscal cliff. >> getting taxes lower with cutting spending, if we don't do that, all of the qe's in the world won't solve our problems and we will destroy our currency. >> he's no fan of the fed, and he's first on with maria. ron paul pulls no punches on the outcome of the federal reserve's latest meeting. what's ahead for his controversial audit the fed bill. hang tight for all of this on this hour of "closing bell." n of investing technology is now within your grasp with the e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with free streaming quotes, news, analysis and even your trade ticket. everything exactly the way you want it, all on one page. transform your investing with the e-trade 360 investing dashboard. to experience the lexus performance line... including the gs and is. [ engines revving ] because control is the ultimate expression of power. [ revving continues ] ♪ during the golden opportunity sales e
ceo's give their insight on housing, the economy, and the looming fiscal cliff. >> getting taxes lower with cutting spending, if we don't do that, all of the qe's in the world won't solve our problems and we will destroy our currency. >> he's no fan of the fed, and he's first on with maria. ron paul pulls no punches on the outcome of the federal reserve's latest meeting. what's ahead for his controversial audit the fed bill. hang tight for all of this on this hour of "closing...
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Aug 10, 2012
08/12
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CNBC
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eye 303
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and from the mouths of babes, why an off the wall idea could put a end to the looming fiscal cliff. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> welcome back, a real back and forth here on wall street in the final stretch. the dow jones in positive territory. they're on the flatline right now back to negative, but we're watching this market show a cautious trade this day reacting so some negative economic data out of china. the once in a generation drought continuing to push corn prices higher. since june corn prices have spiked 50%. a report suggest the pricing could get worse. >> hi, maria, they're expecting the lowest drop in years and many analyst expect the numbers to go even lower. most farmers have crop insuranc
and from the mouths of babes, why an off the wall idea could put a end to the looming fiscal cliff. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at...
0
0.0
Aug 10, 2022
08/22
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CNBC
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eye 0
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what of the economic slowing to date is about the fiscal cliff where you cut off the unemployment benefits and the pandemic related stimulus and now we're transitioning into the sweet spot where you go from good news is bad news, bad news is good news at some point unless you avoid recession, you are going to have bad news is bad news that doesn't mean you are down 50%. you can pull back and test the low which has happened every time when the tactical indicator i talked to you earlier goes off. >> not buying it tony dwyer, thank you very much for your thoughts. >> have a great day. thanks, sara >> you, too. >>> here is where we stand up sharply. 464 points on the dow. we've gained a little traction goldman sachs is the biggest winner on the dow. every sector is higher nasdaq up 2.7% the unprofitable names to the large cap players like an amazon or an apple, meta, google. after earnings and revenue missed the mark. we'll talk to the ceo about wall street's reaction and the inflation reduction act which is the key. and you can listen to closing bell on the go by following the closing bell po
what of the economic slowing to date is about the fiscal cliff where you cut off the unemployment benefits and the pandemic related stimulus and now we're transitioning into the sweet spot where you go from good news is bad news, bad news is good news at some point unless you avoid recession, you are going to have bad news is bad news that doesn't mean you are down 50%. you can pull back and test the low which has happened every time when the tactical indicator i talked to you earlier goes off....
51
51
Aug 11, 2020
08/20
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CNBC
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eye 51
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cliffs, both the second round of ppp as well as that 600 weekly unemployment insurance check of -- which expired july 31 so really the next deadline if you don't count the conventions which begin next week isn't until october 1st when the fiscal year begins anew and you need a bill to prevent a government shutdown. you know, the momentum from this on the republican side really, you know, stepped back after that june jobs report. i think a few more, you know, thursday unemployment claims could bring this back. at the end of the day, we're talking about what we've been talking though since we passed phase three. it's going to be a liability shield another round of stimulus checks more money for testing you know, i mean, it's no the a terribly complicated bill. you just sort of have to meet in between. pick a number and send more money out to -- out the door >> chris krueger, thank you for joining us we'll speek with tak with a ceo trying to strdevelop a conditio date that doesn't require a shochl stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their
cliffs, both the second round of ppp as well as that 600 weekly unemployment insurance check of -- which expired july 31 so really the next deadline if you don't count the conventions which begin next week isn't until october 1st when the fiscal year begins anew and you need a bill to prevent a government shutdown. you know, the momentum from this on the republican side really, you know, stepped back after that june jobs report. i think a few more, you know, thursday unemployment claims could...
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232
Aug 13, 2012
08/12
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CNBC
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eye 232
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we now have the fiscal cliff. people -- we had the flash crash. there have been a lot of extraneous events that are continuing at this point. it seems to be overshadowing the mark market's ability to outperform. >> i think it is the money. they just don't have the money to invest. think of what happened to the ball by boomers. you would, during dot-com crash, they were younger. they were more resilient and then they -- economies improve by wait, everyone was -- >> now one day older. just for the record. >> lot of real estate and more in the stock market. and they got burned up on both fronts. now they are older and heading towards retirement. that is a big burn on both ends. >> last question, very quickly. this -- there are times when this market reminds me of the early '80s before the market took off. a lack of interest at that time. and economic conditions were horrible. and then the market took off. started cutting rates. >> valuations were attractive. and -- monetary authorities are -- accommodating and likely to be more accommodating. i think
we now have the fiscal cliff. people -- we had the flash crash. there have been a lot of extraneous events that are continuing at this point. it seems to be overshadowing the mark market's ability to outperform. >> i think it is the money. they just don't have the money to invest. think of what happened to the ball by boomers. you would, during dot-com crash, they were younger. they were more resilient and then they -- economies improve by wait, everyone was -- >> now one day older....
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225
Aug 14, 2012
08/12
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CNBC
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eye 225
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if we can get past the fiscal cliff and past the collections and see some stability in europe -- that's the number one issue, then you will see more -- >> the metaphor, bubble, sounds positive, but you're using it in a positive way, right? >> i know, erin, you have been defensive in this market. do you buy into steve's market that all of this cash has to be put to work at some point, and when the glood gates open, -- f gates open it will be good. >> no, with only 41% of the companies beating revenue forecast, we think they're eating into their cash reserves. we're advising people to be a little more defensive about their picks right now. >> if you're a corporation and you're worried about your margins at peak levels. you keep margins higher and you use less labor, i think at the very least, the use of cash on the balance sheets will keep margins higher. >> so what do you do then as a result? >> i was thinking about this on the way over, i think you want to sell bonds right now. >> treasuries, corporates, or both? >> probably mid-seven year corporations. people will want to take their ga
if we can get past the fiscal cliff and past the collections and see some stability in europe -- that's the number one issue, then you will see more -- >> the metaphor, bubble, sounds positive, but you're using it in a positive way, right? >> i know, erin, you have been defensive in this market. do you buy into steve's market that all of this cash has to be put to work at some point, and when the glood gates open, -- f gates open it will be good. >> no, with only 41% of the...
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304
Aug 15, 2012
08/12
by
CNBC
tv
eye 304
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cliff? >>> meantime, cisco has been a hot stock recently up nearly 12% in the last few weeks, is it time to get on board once again? of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's complicated. not really. with priority mail flat rate boxes from the postal service shipping's easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. no. come on. how about... a handshake. alright. priority mail flat rate boxes. starting at just $5.15. only from the postal service. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] .... [ yawning sound ] >>> welcome back, the nasdaq getting a calf boost from starbucks and cisco. >> yes, we're calling did a caffeine high, taking mcdonald's out of the u.s. focus list is helping shares of starbuc
cliff? >>> meantime, cisco has been a hot stock recently up nearly 12% in the last few weeks, is it time to get on board once again? of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's complicated. not really. with priority mail flat rate boxes from the postal service shipping's easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. no. come on. how about... a handshake. alright. priority mail flat rate boxes....
56
56
Aug 15, 2018
08/18
by
CNBC
tv
eye 56
favorite 0
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we have had a long bull run especially long bernanke fiscal cliffs, whatever it might be. it has basically been a straight line since the global financial crisis. if you are going to worry about some top end buying on the dips now is the time to be active. whether it is currency or crypto or facebook now is the time to be highly active. it's definitely not the time to be passive. >> how do you think investors should view the emerging markets which have gotten hammered pretty good? >> the dollar is key to us. the dollar is key to the situation as far as we are concerned. the dollar against theureo hit a new high in the last couple of days. typically it is always the case that where the dollar is strong money comes out of risky assets and out of the emerging markets. i think what you have had in recent days with respect to more sanctions in russia, the spat, if you like with turkey, the concerns that might be having on european banks portfolios and the chinese news on tencent, all of that has encouraged investors to get longer the dollar and be more concerned about the euro.
we have had a long bull run especially long bernanke fiscal cliffs, whatever it might be. it has basically been a straight line since the global financial crisis. if you are going to worry about some top end buying on the dips now is the time to be active. whether it is currency or crypto or facebook now is the time to be highly active. it's definitely not the time to be passive. >> how do you think investors should view the emerging markets which have gotten hammered pretty good?...
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269
Aug 16, 2012
08/12
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CNBC
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eye 269
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we break down the real effect the looming fiscal cliff will have on families across network. network. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become pregnant or are breast feeding should not use androgel. serious side effects include worsening of an enlarged p
we break down the real effect the looming fiscal cliff will have on families across network. network. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly...
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193
Aug 2, 2012
08/12
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CNBC
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eye 193
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maria will talk the fed, economy, and fiscal cliff. we'll have the ceos of several big companies coming up. stay tuned. the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. is at the heart of every innovation. with the sleep number bed, it's not about soft or firm. it's about support where you find it most comfortable. the magic of this bed is that you're sleeping on something that conforms to your individual shape. wow! that feels really good. you can adjust it to whatever your needs are. take it up one notch. my sleep number is 50. i'm a 45. and now, for those interested in trying memory foam, sleep number introduces our new memory foam series-the only beds that combine cradling memory foam with the amazing dual-air adjustability of the sleep number bed. the memory f
maria will talk the fed, economy, and fiscal cliff. we'll have the ceos of several big companies coming up. stay tuned. the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. is at the heart of every innovation. with the sleep...
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254
Aug 20, 2012
08/12
by
CNBC
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eye 254
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in terms of the fiscal cliff what always gets you are things you don't see. we not only see this coming, we talk about it every hour. >> guys, one other thing i'd throw in here on volume. you have to keep in mind, most of the market at this point is doing indexing. most of the market right now is allowing asset allocators to buy and sell etfs. those are pretty static positions. we really don't have an investor class that's actively buying and selling stocks. the day trading community has dwindled because of attrition. they've been up against these algorithms that have knocked a lot of them out. it's really foolish to expect a return to the volumes of the late '90s or even the middle part of the past decade. investors are in the market but in a different way than they used to be. >> i agree there's a structural change in the market. but i also think this low volume is something to be paid attention to. it is the market speaking to us right now. and lee, maybe -- i'm going to play in your hand here. when you get this kind of come play sensy in the market, this
in terms of the fiscal cliff what always gets you are things you don't see. we not only see this coming, we talk about it every hour. >> guys, one other thing i'd throw in here on volume. you have to keep in mind, most of the market at this point is doing indexing. most of the market right now is allowing asset allocators to buy and sell etfs. those are pretty static positions. we really don't have an investor class that's actively buying and selling stocks. the day trading community has...
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223
Aug 20, 2014
08/14
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CNBC
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eye 223
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without with fiscal 2013 third quarter results. $27.6 billion in revenues. up 1% from the prior period. that is a significant gain because, of course, it has been a very long time. in fact, years, since hewlett-packard has seen a quarterly revenue number that was higher than the year i go per idea. it is only 1%. nongap diluted 89 cents a share. up 3% from the prior period. and right in line of the higher end of their outlook. their gap number, however, was lower than expected due to what they're calling restructuring charges. and a number of other charges associated with that. that did come in below the estimates of analysts who follow the company. where was the strength? personal systems group. talking about the death of the pc. perhaps we've been saying too much about that was revenue growth there up 12%. part of this is part of a market share game. we have smaller players starting to watch their market share erode, lenovo and dell perceivably taking market share. big revenue increase of 12% led by commercial but also including actually growth in the cons
without with fiscal 2013 third quarter results. $27.6 billion in revenues. up 1% from the prior period. that is a significant gain because, of course, it has been a very long time. in fact, years, since hewlett-packard has seen a quarterly revenue number that was higher than the year i go per idea. it is only 1%. nongap diluted 89 cents a share. up 3% from the prior period. and right in line of the higher end of their outlook. their gap number, however, was lower than expected due to what...
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Aug 21, 2012
08/12
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CNBC
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eye 266
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>> i think if we have a fiscal cliff, it will be a short. -term cliff. the bush tax cuts will be allowed to expire, and then we -- >> in some form. >> in some form, and then i believe congress will work together and implement what president obama is indicating now, applying a tax cut for those people who earn $200,000 or less. and so things get reset to january 1st. i think from a confidence standpoint. we do well. >> sam, i will see you later on the countdown, bob, i'll see you as well. >> we have a market down about 71 points on the industrial average. >> despite their huge fees, if you simply invested in the s&p 500 index yourself, you would be beating 90% of the mutual funds out there right now. jack heard about the story and demanded to be on, he joins us next. >> it's not often that apple is compared to a pig. >> little pig -- ♪ that'll do. >>> so, just a day after becomes the all-time market cap king, apple is giving back a little today. the stock hit another high this morning before falling into the red territory. >> this stock has
>> i think if we have a fiscal cliff, it will be a short. -term cliff. the bush tax cuts will be allowed to expire, and then we -- >> in some form. >> in some form, and then i believe congress will work together and implement what president obama is indicating now, applying a tax cut for those people who earn $200,000 or less. and so things get reset to january 1st. i think from a confidence standpoint. we do well. >> sam, i will see you later on the countdown, bob, i'll...
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Aug 22, 2012
08/12
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CNBC
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eye 294
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politicians are not in charge of the fiscal cliff, markets are. they will punish politicians. >> and labor costs pressures are very tame at this point. and that's a big part of the component. >> much to the delight of traders. >> yes. we have about 15 minutes to go to the trading day. >> congress is still on their five week vacation, but they getter get their act together soon. we have details on this dire warning just ahead. and all eyes on hp tonight with their earnings coming ut. lcome o learning spanish in the car. you've got to be kidding me. this is good. vamanos. vamanos. vamanos. gracias. gracias. gracias. ♪ trece horas en el carro sin parar y no traes musica. mira entra y comprame unas papitas. [ male announcer ] get up to 795 miles per tank in the 2013 passat tdi clean diesel. that's the power of german engineering. see your local dealer for special lease and finance rates during the autobahn for all event. >>> welcome back, as if a huge tax cut expiration was not enough, congress has more incentive to fix the fiscal cliff problem now.
politicians are not in charge of the fiscal cliff, markets are. they will punish politicians. >> and labor costs pressures are very tame at this point. and that's a big part of the component. >> much to the delight of traders. >> yes. we have about 15 minutes to go to the trading day. >> congress is still on their five week vacation, but they getter get their act together soon. we have details on this dire warning just ahead. and all eyes on hp tonight with their...
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247
Aug 23, 2012
08/12
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CNBC
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eye 247
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." >> fiscal cliff or not, mark fabre says we're going into a recession. and paying up, more and more economists are saying americans are not being taxed enough. are higher taxes on the way regardless of who is elected president? and the grass is always greener. as the growing movement to legalize marijuana turned a new leaf? that's all coming up. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ...forbusiness.com. [ yawning sound ] as much advanced technology as the world around it. with the available lexus enform app suite, you can use opentable to make restaurant reservations. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. >>> welcome back, we're in the final stretch here for the day of trading. the quick market stat check looks like thi
." >> fiscal cliff or not, mark fabre says we're going into a recession. and paying up, more and more economists are saying americans are not being taxed enough. are higher taxes on the way regardless of who is elected president? and the grass is always greener. as the growing movement to legalize marijuana turned a new leaf? that's all coming up. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very...
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208
Aug 24, 2012
08/12
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CNBC
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eye 208
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cliff, not knowing what tax levels will be, that can create that uncertainty that we're talking about right now, don't you? >> i totally ingreed. changes in inheritance laws and things in the air right now matter as much as anything else. we really have to wait to see how the other shoe drops. >> that's when we'll see a loosening up of money any. thank you so much, we appreciate your time today. thanks. we're in the final stretch of trading for the week and the market is up about 95 points on the dow. >> yes, maria. >> you're killing me. >> even with the rally today, the dow and s&p set to snap their six week winning. we'll take you into the final moments in a few minutes as well. >> and ron paul has been calling for the gold standard for year. he is joining us this hour. >>> first, before we go to break, the dividend. which restaurant stock has advanced the most this year? cracker barrel, deny's, or dine equity? e, you can use opentable to make restaurant reservations. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of per
cliff, not knowing what tax levels will be, that can create that uncertainty that we're talking about right now, don't you? >> i totally ingreed. changes in inheritance laws and things in the air right now matter as much as anything else. we really have to wait to see how the other shoe drops. >> that's when we'll see a loosening up of money any. thank you so much, we appreciate your time today. thanks. we're in the final stretch of trading for the week and the market is up about 95...
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Aug 25, 2016
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the fiscal cliff and fears of the european union to break up to name just a few. as marks await that big speech tomorrow, the debate is more about whether the fed can once again raise interest rates. >> labor slack is coming out of the labor market. we're making frustratingly slow progress ian some progress on inflation and i think that gdp growth in the second half of the year will be stronger because the consumer is strong and even the second quarter gdp number disappointing was disappointing because of an inventory adjustment but final demand was, in fact, strong. so, yeah, i think the case is strengthening. i'm not going to speculate on which meeting. >> reporter: now, there's still plenty of reason for worry. u.s. and global growth is sluggish, inflation below the 2% target and the frame work for deciding on rates, the topic of the meeting, it is a point of criticism. but this year, these majestic mountains frame a meeting more about controversy rather than crisis, kelly. >> a lot of that controversy coming in the last couple of days from some pretty interest
the fiscal cliff and fears of the european union to break up to name just a few. as marks await that big speech tomorrow, the debate is more about whether the fed can once again raise interest rates. >> labor slack is coming out of the labor market. we're making frustratingly slow progress ian some progress on inflation and i think that gdp growth in the second half of the year will be stronger because the consumer is strong and even the second quarter gdp number disappointing was...
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Aug 27, 2012
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fiscal cliff or europe. whatever it is, they are not willing to commit more dollars right now. that seems to be overhanging what she is suggesting should be a pretty positive element today. >> on the other hand, though, they were really pessimistic about the outlook they wouldn't be doing acquisitions at all. so it certainly reflects the confidence in the future and willingness to put money to work that i think says we are not on the verge of a -- some sort of precipice and going to fall off into oblivion. from that standpoint it is a good sign. >> we will take that. we will leave it on a good sign now. bruce, thanks for joining us today. bob, we will be checking back with you later. >> all right. >> 15 minutes before the closing bell. dow lower by 34 points. nasdaq still positive just barely by one point. >> just barely. part of that because of apple. it may have just won that big patent lawsuit against samsung but we will hear from somebody who says apple might want to think wise before getting into a legal battle with its real rival, mainly google. >> plus, for the first tim
fiscal cliff or europe. whatever it is, they are not willing to commit more dollars right now. that seems to be overhanging what she is suggesting should be a pretty positive element today. >> on the other hand, though, they were really pessimistic about the outlook they wouldn't be doing acquisitions at all. so it certainly reflects the confidence in the future and willingness to put money to work that i think says we are not on the verge of a -- some sort of precipice and going to fall...
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Aug 27, 2013
08/13
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i think the fiscal cliff talk is really getting people concerned. syria put the advantage in the president's hand and therefore driving a different outdhaum might be scaring people. >> the breakout in oil, todd, suggests there is something to this particular concern about what happens ay cross the middle east. >> absolutely. take away from discretionary income. look at household balance sheet. if that becomes crippled, you wonder, what will happen if we tape jer the equity markets slide. the u.s. economy. i see what you're saying and respect it, it's top of mind now with syria and once those bombs start going, and they will go off, when that happen you're going to see heads turn here. >> the interest rate question is the driver here. if interest rates continue to not react the way we see them today, which is good, if they -- >> continue to come down? >> they continue to come down. the market is reacting healthy. if we see them -- >> only in the sense supportive for equity. is that your argument? >> yes. basically taking the tax out of consumers' poc
i think the fiscal cliff talk is really getting people concerned. syria put the advantage in the president's hand and therefore driving a different outdhaum might be scaring people. >> the breakout in oil, todd, suggests there is something to this particular concern about what happens ay cross the middle east. >> absolutely. take away from discretionary income. look at household balance sheet. if that becomes crippled, you wonder, what will happen if we tape jer the equity markets...
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Aug 27, 2019
08/19
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that it should not send the country over the fiscal cliff, it should pass stimulus measures and that was very difficult for congress to do so the fed had to act but that is something that the fed often -- a role the fed has to play holding the short straw and being last man standing, last backstop for the economy. >> yeah. and of course, a bit of traditional view that the fed sometimes not seen as changing interest rates in an election year because of fear for seeming an undue influence. >> that's a side consideration not a primary driver but certainly, the idea that the fed operates in a political vacuum is not true they're aware of the political pressure that's all around them but the idea that this is a primary motivating factor in the decisions certainly is something that the fed had to be clear about pushing back on. >> absolutely. thank you very much. >>> stocks trading back up toward the flat line actually with 53 minutes left in the trading session. the dow down 17. s&p 500 just nosed above the flat line and nasdaq russell 2000 small cap is consistent underperformer. for more
that it should not send the country over the fiscal cliff, it should pass stimulus measures and that was very difficult for congress to do so the fed had to act but that is something that the fed often -- a role the fed has to play holding the short straw and being last man standing, last backstop for the economy. >> yeah. and of course, a bit of traditional view that the fed sometimes not seen as changing interest rates in an election year because of fear for seeming an undue influence....
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Aug 28, 2012
08/12
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. >> the fiscal cliff, it will go back up to 9%, and the fiscal cliff right now still looks in front of us, and that's how we are not that worried about stock prices, but they will get crazy. >> you never know. >> the volatility goes up. bob pisani, your expectations have been raised today with mario draghi dropping out of the jackson hole meeting, they think he has something up he has sleeve, right? >> i think he will be very restrained. do you know how many traders i talk to that think there will be a 10% direction? like 90% of the trade eres i talk to. . a lot of these guys will be out of a job at the end of the year. there's two things working out there. china may have serious problems out there. there is a draghi bernanke put out there. you have to fee a way to factor it. >> let me ask erin about that, the expectations have gone up would you place many bets on what ecb request come up with? >> not so far, we have seen a lot of the cbs spreads go down because of positive comments. >> not what they've done? >> exactly. i think they keep the markets so far. and we're still looking
. >> the fiscal cliff, it will go back up to 9%, and the fiscal cliff right now still looks in front of us, and that's how we are not that worried about stock prices, but they will get crazy. >> you never know. >> the volatility goes up. bob pisani, your expectations have been raised today with mario draghi dropping out of the jackson hole meeting, they think he has something up he has sleeve, right? >> i think he will be very restrained. do you know how many traders i...
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Aug 29, 2012
08/12
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and our fears of the fiscal cliff are driving companies overseas. both sides of the debate coming up. tdd#: 1-800-345-2550 you should've seen me today. tdd#: 1-800-345-2550 when the spx crossed above its 50 day moving average, tdd#: 1-800-345-2550 i saw the trend. tdd#: 1-800-345-2550 it looked really strong. tdd#: 1-800-345-2550 and i jumped right on it. tdd#: 1-800-345-2550 since i've switched to charles schwab... tdd#: 1-800-345-2550 ...i've been finding opportunities like this tdd#: 1-800-345-2550 a lot more easily. tdd#: 1-800-345-2550 like today, tdd#: 1-800-345-2550 i was using their streetsmart edge trading platform tdd#: 1-800-345-2550 and i saw a double bottom form. tdd#: 1-800-345-2550 so i called one of their trading specialists tdd#: 1-800-345-2550 and i bounced a few ideas off of him. tdd#: 1-800-345-2550 they're always there for me. tdd#: 1-800-345-2550 and i've got tools that let me customize my charts tdd#: 1-800-345-2550 and search for patterns as they happen. tdd#: 1-800-345-2550 plus webinars, live workshops, research. tdd#: 1-80
and our fears of the fiscal cliff are driving companies overseas. both sides of the debate coming up. tdd#: 1-800-345-2550 you should've seen me today. tdd#: 1-800-345-2550 when the spx crossed above its 50 day moving average, tdd#: 1-800-345-2550 i saw the trend. tdd#: 1-800-345-2550 it looked really strong. tdd#: 1-800-345-2550 and i jumped right on it. tdd#: 1-800-345-2550 since i've switched to charles schwab... tdd#: 1-800-345-2550 ...i've been finding opportunities like this tdd#:...
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Aug 3, 2012
08/12
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you're looking at the election and you know you a fiscal cliff, layoffs and spending programming going a way and tax cuts, and at that point that is the uncertainly there holding businesses back. we have one month of relief here it looks oak even though it's not at the number it should be at, but what's down the road, ahead of the collection, is keeping businesses unable to put heads on the payroll. >> i think they will solve the fiscal cliff crisis after the election before the end of the year. >> i thought it would be before the election. >> it will solve the problem, it won't be pretty, but we'll see the sausage being made. >> but bill, it is enough time? >> of course it's not enough time. >> you have a month and a quarter before the end of the year. >> it's when congress works, they just went on hiatis right now, the farm relief bill -- >> and this drought, i just don't understand what's going on in washington. these guys took a vacation and we have all of these issues. >> it's a year divided by four. the election is coming up in november. the bigger issue is with europe and they h
you're looking at the election and you know you a fiscal cliff, layoffs and spending programming going a way and tax cuts, and at that point that is the uncertainly there holding businesses back. we have one month of relief here it looks oak even though it's not at the number it should be at, but what's down the road, ahead of the collection, is keeping businesses unable to put heads on the payroll. >> i think they will solve the fiscal cliff crisis after the election before the end of...
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Aug 3, 2022
08/22
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it looks more like the economy slowed down because of the fiscal cliff, the ending of extra unemployment benefits and other pandemic related fiscal stimulants. as we go to the end of the year, we will have to have the impact of those higher rates. again, the whole premise here -- where i screwed up in 2020 was after the initial surge, we did a good job of identifying that. where i made a mistake was i didn't get bullish right away. i thought the market would test the low. i ignored the fed had started easing. that is what is different. not only is the fed not started easing, they have not announced they are buying corporate debt like they did to gain a changing decision on april ninth, they are telling you they are in a double rate from here. >> your calling into the summer rally. i think we are really close. >> tony, we are 14% off billows. that is where we should be after the oversold conditions where we were going into june. we hit the median plus a little bit of what upside you should expect. the short answer is yes. again, the conditions they were not just the oversold conditions, i
it looks more like the economy slowed down because of the fiscal cliff, the ending of extra unemployment benefits and other pandemic related fiscal stimulants. as we go to the end of the year, we will have to have the impact of those higher rates. again, the whole premise here -- where i screwed up in 2020 was after the initial surge, we did a good job of identifying that. where i made a mistake was i didn't get bullish right away. i thought the market would test the low. i ignored the fed had...
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Aug 31, 2012
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economic situation is okay, fiscal cliff is still out, but year is a big question mark. now we're going to hear those devil in the detail moments. we will hear about what conditions are going to be places on the purchases, and we're going to have a few disappointments. on any given day we will suffer some disappointments. >> allen, we have very important bench markets coming up here. now that we have the bernanke speech out of the way, the focus is on europe, right? >> yes, look at the euro, 126, and pressure on the dollar. i agree with steve, i think europe will take front and center stage. >> so what are your expectations for september? >> i think we'll see a lot of volatility. it has been with us for the last two years. i think it will stay as we get close to the financial cliff and europe comes back into play. >> thank you both, steven, thanks for joining us here today. that will do it, we're going out on pretty strongai
economic situation is okay, fiscal cliff is still out, but year is a big question mark. now we're going to hear those devil in the detail moments. we will hear about what conditions are going to be places on the purchases, and we're going to have a few disappointments. on any given day we will suffer some disappointments. >> allen, we have very important bench markets coming up here. now that we have the bernanke speech out of the way, the focus is on europe, right? >> yes, look at...
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Aug 4, 2020
08/20
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cliff that we could fall off of, is that going to snap. >> you know, we're in a wait and see mode right now i think the expectation is that the market is going to get that stimulus there may be a few weeks of waiting while we -- while the folks don't get their extra benefits or we need to watch the data and the economic data and to the extent that we get any deep falloff in data, including from the jobs report that we're expecting this friday, that could rattle the market for certain. and we're also keeping our eye on the high frequency data like traffic at restaurants or travel in general there's been some stabilization after a bit of a slowdown. so all that we've got to keep our eye on for sure. of course, one of the big red cards i think for this remainder of the year is theelection >> i'm not sure the bond market is speaking in these terms whatever we do get is not going to be a great accelerant to the economy. its not going to cause growth to really shoot up. one element though is the weakening of the dollar does make it a lot cheaper for foreign investors to buy u.s. treasuries an
cliff that we could fall off of, is that going to snap. >> you know, we're in a wait and see mode right now i think the expectation is that the market is going to get that stimulus there may be a few weeks of waiting while we -- while the folks don't get their extra benefits or we need to watch the data and the economic data and to the extent that we get any deep falloff in data, including from the jobs report that we're expecting this friday, that could rattle the market for certain. and...
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Aug 5, 2020
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. >> josh, there was a lot about the fiscal cliff another day unemployment bump has expired and people are not collecting that that are out of work, the millions of people an moratorium or evictions has expired in for closures. congress has yet to make a deal. why isn't the market more worried about that >> i'm surprised, too, i think it's a very good point i don't think maybe the market is worried about it until we see evidence that it's affected spending on the part of the consumer that will happen quickly we won't wait for the information. all kinds of data sources fairly new people paying close attention to bookings at open table or online sales we get very quickly. bank of america, merrill lynch debit and credit card data stay tuned for that, that might not be something we whistle past by the end of the week we may be hearing there's a drop-off in the way and rate people are going out and spending money. >> i looked at jpmorgan spending data and it plateaued. the initial boost after states started reopening, mike, and now it's kind of stagnant and staying. i guess, i don't know, i
. >> josh, there was a lot about the fiscal cliff another day unemployment bump has expired and people are not collecting that that are out of work, the millions of people an moratorium or evictions has expired in for closures. congress has yet to make a deal. why isn't the market more worried about that >> i'm surprised, too, i think it's a very good point i don't think maybe the market is worried about it until we see evidence that it's affected spending on the part of the...
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Aug 6, 2012
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we have the problems in europe, our own fiscal cliff. we still seem to have a fundamental belief the federal reserve can fix everything and every time they ring that pavlovian bell the stock market goes up. until we get there i think we are living in a little never neverland. >> would you sell into the rally then. >> no. i think you always have go to fundamentals and i stay invested all the time. where we have had really good profits in here, yes, we are taking money off the table but i -- equally reinvested in things i think are cheap. >> you have to saw invested in stocks and it is the only way you are going to afford to pay the taxes that everybody is going to be a force to pay. >> corporate bonds -- >> rates go up. might stop spending but servicing the debt will cost a fortune. >> capital appreciation has been -- >> twice in -- >> thanks so much. rick santelli. >> that's why it is called an exchange. >> see you then. thanks, everybody. we appreciate it. steve liesman was going to be with us at that hour but he's on his way to boston
we have the problems in europe, our own fiscal cliff. we still seem to have a fundamental belief the federal reserve can fix everything and every time they ring that pavlovian bell the stock market goes up. until we get there i think we are living in a little never neverland. >> would you sell into the rally then. >> no. i think you always have go to fundamentals and i stay invested all the time. where we have had really good profits in here, yes, we are taking money off the table...
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Aug 7, 2012
08/12
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the fiscal cliff gets better. europe calms down, that's why we're getting these bullish tones to the market right now. >> thanks, everybody. >> rick, we promise, we'll get together after the show and get tougher questions for you next time. we promise. >> thanks, everybody. we'll see you later. the dow and the s&p 500 close to hitting multiyear highs. we have jackie deangles. >> the multiyear highs still in sight before the close. the s&p added about nine more points on the day. interms of the large cap sector strength, energy and industrials are leading higher. most of the areas are higher by a percent or more. the laggards are the utilities and the consumer staples, driving energy high sere chesapeake. they rose 91%, they were beginning from asset sales that brought more than half a billion to the bottle line. other movers include tosoro, and you're seeing movement in crude oil and gas moving higher today. the financials also moving up, jpmorgan one of the leaders and morgan stanley and citi are performing quite
the fiscal cliff gets better. europe calms down, that's why we're getting these bullish tones to the market right now. >> thanks, everybody. >> rick, we promise, we'll get together after the show and get tougher questions for you next time. we promise. >> thanks, everybody. we'll see you later. the dow and the s&p 500 close to hitting multiyear highs. we have jackie deangles. >> the multiyear highs still in sight before the close. the s&p added about nine more...
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Aug 8, 2012
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the question will come hearing about fiscal cliff, will it impact stocks right now, the anxious is no. >> so the fiscal cliff issue is an issue after the year ends. >> correct. >> thank you we'll leave it there. we appreciate it we have a market flash for you right now with bryan shactman. >> kohls -- coal has been bet up good this year, alpha natural going down and pulling down most of the sector. they're down almost 70% of the year, scott back to you. >> thank you, 15 minutes to go before the closing bell rings on wall street, the dow jones holding on to a 12 point gain, nasdaq fighting for positive territory. >>> knight capital shares have been felling the pressure. >> samsung getting a heating reaction from herb greenberg. >> did you see this? forget the costco crazy, joan rivers went crazy at a costco. s from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one mo
the question will come hearing about fiscal cliff, will it impact stocks right now, the anxious is no. >> so the fiscal cliff issue is an issue after the year ends. >> correct. >> thank you we'll leave it there. we appreciate it we have a market flash for you right now with bryan shactman. >> kohls -- coal has been bet up good this year, alpha natural going down and pulling down most of the sector. they're down almost 70% of the year, scott back to you. >> thank...
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Aug 9, 2012
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. >> that's extraordinary to me liven the fact that you have so many issues, fiscal cliff, uncertainty over the election, i think think there would be trouble if we don't get reaction from the fed. >> absolutely not only from the fed, but in terms of what draghi may do, stimulus in china, and earnings are big today today. you will hear from nordstrom after the bell today. >> yes, retail an important sector out there. earnings are strong but it's because of cost cutting and you're not seeing the end market demand that you want to see at this point in a recovery. >> yes, sales growth has been miss appointing. how do you feel? we're getting some retailers. >> i don't think it's good. i think if they don't do something you're in a bad way and if they do something and they have another hiccup out of europe, the market will get to pint where the fed is out of bullets and that's a dangerous place to be. then it gets back to the fiscal and that doesn't look good either. i don't think there is any shift here. >> volume is light. it's a low month, and it's a rocky hoed. >> we're 100 points away
. >> that's extraordinary to me liven the fact that you have so many issues, fiscal cliff, uncertainty over the election, i think think there would be trouble if we don't get reaction from the fed. >> absolutely not only from the fed, but in terms of what draghi may do, stimulus in china, and earnings are big today today. you will hear from nordstrom after the bell today. >> yes, retail an important sector out there. earnings are strong but it's because of cost cutting and...
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Dec 10, 2012
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what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided right now. reading a little bit behind the scenes. all i'm doing is paying attention to what's going on out there. i don't have the inside information or anything. but it has to be done. it has to be fixed. and i assume it will be. and i often quote churchill. maybe even on your show once, bill. that said americans always do the right thing but only after they've tried everything else. so we've tried everything else. that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advoca
what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided right now. reading a little bit behind the scenes. all i'm doing is paying attention to what's going on...
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Dec 11, 2012
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he says there's no paperless solution to the fiscal cliff. what he thinks is the best possible outcome. that's coming up on the "closing bell" at 4:30 p.m. eastern right here. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> 90 seconds left. how is your day? here is wall street's day. folk yes so much on washington. optimism this morning. this is where speaker boehner spoke opening the house session and said things tha
he says there's no paperless solution to the fiscal cliff. what he thinks is the best possible outcome. that's coming up on the "closing bell" at 4:30 p.m. eastern right here. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground...
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Dec 11, 2012
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stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today,
stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour,...
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Dec 12, 2012
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how helpful would it be to see as part of the fiscal cliff resolution some near-term stimulus? the president's proposed that. do you think -- how helpful do you think that would be, and i'll ask my followup now? whatever happened to your southern accent? >> well, on the second one i'd like to think i'm bilingual. when i go home, sometimes it comes out pretty strongly, but i won't try to do that here. so i try to be careful, as you know, not to give views on specific tax-and-spending programs. i think, of course, obviously those are the province of the administration and congress. the attitude i've taken has been that at a minimum congress should try to do no harm, that they should try to avoid policies that -- that significantly slow or derail the recovery at this point, so i think that's the critical thing, along with the long-term objective of achieving a sustainable fiscal path. now, given that basic -- that basic recommendation, you know, congress can consider variations. for example, if they believe that they can achieve a strong, credible future path for fiscal policy, th
how helpful would it be to see as part of the fiscal cliff resolution some near-term stimulus? the president's proposed that. do you think -- how helpful do you think that would be, and i'll ask my followup now? whatever happened to your southern accent? >> well, on the second one i'd like to think i'm bilingual. when i go home, sometimes it comes out pretty strongly, but i won't try to do that here. so i try to be careful, as you know, not to give views on specific tax-and-spending...
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Dec 12, 2014
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cliff, that's not likely to happen this time around and not to be dismissive of people's politics but looking at the policies that means not a lot is changing. i think one of the better kept secrets right now is fiscal situation of the united states is probably improving more than most people expect. if you look at the deaf sit, percent of the economy next year, coming in under 3% which is below the historic average since world war ii and getting that as something that's lined up as being a positive for the market railroad at least not a crashing blow in the face like it has been. >> disconcerting of the warren statement. listening as an investor, i think she is disconnected with the dodd-frank implementations made the economy less and it scares me. we don't need more regulation in this country. we need less. >> i the she would disagree with you on that. >> then we disagree and that's healthy. >> chuck, thank you. it's a remarkable week. we didn't talk about the torture report and the response. you'll be talking to former vice president dick cheney who was very outspoken in his critic
cliff, that's not likely to happen this time around and not to be dismissive of people's politics but looking at the policies that means not a lot is changing. i think one of the better kept secrets right now is fiscal situation of the united states is probably improving more than most people expect. if you look at the deaf sit, percent of the economy next year, coming in under 3% which is below the historic average since world war ii and getting that as something that's lined up as being a...
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Dec 13, 2012
12/12
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i think, now, the fiscal cliff saanich u, no question about it. we are going to get fiscal tightening one way or the other. what we're assuming is this is such a lose-lose proposition for both sides. if they actually let this thing, not gust get through december 31st and do nothing about it. think about it. can president obama get anything done until he gets something, no? >> all the cuts that happened as a result of the fiscal cliff, all over the place. let's cut hundreds of billions in defense. it doesn't indicate what missions are going to be no longer what, programs we're going to kim. i mean, we really have to be stupid to be doing that. >> so irresponsible. >> not knowing where the cuts are hitting. >> right. >> for the security of this country. >> i agree. >> so, therefore, you're going to get some agreement. maybe it's january 5th, maybe it's december 30th, january 10th, but it will probably be a band-aid agreement. that's the problem. this isn't going to be one of these long-term deficit reduction, credible agreements that does tax reform
i think, now, the fiscal cliff saanich u, no question about it. we are going to get fiscal tightening one way or the other. what we're assuming is this is such a lose-lose proposition for both sides. if they actually let this thing, not gust get through december 31st and do nothing about it. think about it. can president obama get anything done until he gets something, no? >> all the cuts that happened as a result of the fiscal cliff, all over the place. let's cut hundreds of billions in...
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Dec 14, 2012
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economy is racing towards the fiscal cliff. we'll come back. we've got a top republican lawmaker telling us what she's willing to compromise on hopefully in regards to spending cuts and tax increases as part of this deal. plus, will there be a market event before the year is over because congress can't solve this budget mess? someone here is predicting one, but how bad will it be coming up? stay tuned. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the ce
economy is racing towards the fiscal cliff. we'll come back. we've got a top republican lawmaker telling us what she's willing to compromise on hopefully in regards to spending cuts and tax increases as part of this deal. plus, will there be a market event before the year is over because congress can't solve this budget mess? someone here is predicting one, but how bad will it be coming up? stay tuned. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy....
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Dec 17, 2012
12/12
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even as the fiscal cliff negotiations continue on. you'd think there'd be a rush to these safe havens. that's not happening. have we seen the low for the treasury yields for the foreseeable future? >> it depends which bend of the curve you're talking about. if you're talking about the 10 year point, we would agree with rick. looks like a range between 1.6% and 2%. and the language of keeping interest rates at zero. the long end is going to be volatile and more dangerous. it depends where on the curve you. >> so -- i'm sorry? >> it was interesting. this was brought up by one of our portfolio managers this morning. the fed's statement was hawkish last wednesday. we don't agree. what the fed tried to do is provide greater clarity to the markets. >> right. >> but that had been misinterpreted as it being more hawkish. we don't think that is the case. >> so all of this anticipation over the fiscal cliff last several months, i guess, going into 2013, has that done anything to your expectation in terms of the economic landscape next year? put
even as the fiscal cliff negotiations continue on. you'd think there'd be a rush to these safe havens. that's not happening. have we seen the low for the treasury yields for the foreseeable future? >> it depends which bend of the curve you're talking about. if you're talking about the 10 year point, we would agree with rick. looks like a range between 1.6% and 2%. and the language of keeping interest rates at zero. the long end is going to be volatile and more dangerous. it depends where...
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Dec 18, 2012
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all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out this afternoon aren't bullish. markets believe a deal is coming quickly. >> so do you guys. you don't have any necessarily different guidance or expectation or reports than we do, and you both are very much in step that a deal gets done what. if it doesn't? >> i kind of think what's going on right now is a little dance. everybody has to appeal to their constituency so what they can do is come out with plan a, b, c, d, e, f and g and if a little bit of every plan goes a little bit into the final plan, they can say we fought for what
all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out...
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Dec 18, 2013
12/13
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and that was before the fiscal cliff deal, which even -- created even more fiscal headwinds for the economy. of course, we're now at 7%. i'm not saying that the asset purchases made all that difference, but it made some of the difference. and i think it has helped create jobs. you can see how it works. i mean, the asset purchases brought down long-term interest rates, brought down mortgage rates, brought down corporate bond yields, brought down car loan interest rates. and we've seen the response in those areas as the economy has done better. moreover, again, this has been done in the face of very tight, unusually tight, fiscal policy for a recovery period. i think it's been effective, but the precise size of the impact is something i think that we can very reasonably disagree about and the work will continue on. as i said before, the uncertainty about the impact and the uncertainty about the effects of ending programs and so on is one of the reasons why we have treated this as a supplementary tool rather than as our primary tool. >> don li, l.a. times. unemployment benefits, as you know, a
and that was before the fiscal cliff deal, which even -- created even more fiscal headwinds for the economy. of course, we're now at 7%. i'm not saying that the asset purchases made all that difference, but it made some of the difference. and i think it has helped create jobs. you can see how it works. i mean, the asset purchases brought down long-term interest rates, brought down mortgage rates, brought down corporate bond yields, brought down car loan interest rates. and we've seen the...
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Dec 20, 2012
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>> short term i think we all understand the fiscal crisis and the fiscal cliff, and we're not going to spend a lot of time talking about the short term. in the longer term this is a slow growth economic environment, make no mistake. by slow we're talking 1.5% to 2% growth in the u.s. and even emerging markets, having 5% growth, this is robust, relative to the 8%, 9% we used to see not long ago so my sense is you want to avoid extreme industrial exposures, you know, sort of pure cyclicals plays that are going to lead you down a bad road. in general, you know in, a slow, steady economic environment. equities seem to do well. diversified company like brookfield can do well >> you think it continues to be a good year for the big financial? >> that's a great question. i do think selectively, selectively you can find some picks within that. one of the picks on our list is actually pnc. this is, again, domestically a diversified bank. again, not in some of the businesses that will be under pressure from margin like the larger investment banks, but we'll continue to see a lot of other things g
>> short term i think we all understand the fiscal crisis and the fiscal cliff, and we're not going to spend a lot of time talking about the short term. in the longer term this is a slow growth economic environment, make no mistake. by slow we're talking 1.5% to 2% growth in the u.s. and even emerging markets, having 5% growth, this is robust, relative to the 8%, 9% we used to see not long ago so my sense is you want to avoid extreme industrial exposures, you know, sort of pure cyclicals...
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Dec 21, 2012
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on the fiscal cliff at this point. still. >> five days. >> you're not inclined to -- >> well, you know how i feel, though. i think it's crazy that here we are. they had 13 13 months to do this. now they have five days. these are all very important issues to america. >> ben, what do you make of this market? you're the hot handed trader right now. >> i'm still a buyer. you buy the dipts. if you want a protection, you had a great chance to buy the vix. >> because you think we're going to get a resolution? >> absolutely. >> what do you expect in terms of volume, in terms of this market? earlier, art cashin told us there were some stocks still to buy. >> it's a net imbalance to buy, but it's about $5 million in money rotation either side. but it's going to have an effect on every listed stock down here. expect a huge pop in volume that should add slightly to the bid on lifting this market late into the close. i would expect to see that. but, again, this is one of the days traders may live for. this is what traders live to s
on the fiscal cliff at this point. still. >> five days. >> you're not inclined to -- >> well, you know how i feel, though. i think it's crazy that here we are. they had 13 13 months to do this. now they have five days. these are all very important issues to america. >> ben, what do you make of this market? you're the hot handed trader right now. >> i'm still a buyer. you buy the dipts. if you want a protection, you had a great chance to buy the vix. >>...
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Dec 22, 2021
12/21
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cliff, that hits the consumer if you don't have a renewal of the child tax credit pretty significant, pretty measurable so we'll see, one difference, though, we were just talking about the last time when the fed tapered. back then it was about, you know, 2% growth maybe, almost no inflation, we were kind of at stall speed. a net benefit here to having a little more of momentum in growth to work with. but obviously those numbers tomorrow tell us just how strong it was and we have to see how much that might throttle back. >> got another strong day in the market, 1% gain and strong finish as well closed at the highs of the day now positive for the week, and for the month, except for the nasdaq and it is a holiday shortened trading week tomorrow is the last day of the week what willy you be watching >> the only directional drivers really i think is the seasonal tendency to have this upward drift. that is the pattern. pretty rock solid. did we steal some of that with up 2.8% in the s&p in two days here that's difficult to know i would point out the s&p closed today exactly where it did no
cliff, that hits the consumer if you don't have a renewal of the child tax credit pretty significant, pretty measurable so we'll see, one difference, though, we were just talking about the last time when the fed tapered. back then it was about, you know, 2% growth maybe, almost no inflation, we were kind of at stall speed. a net benefit here to having a little more of momentum in growth to work with. but obviously those numbers tomorrow tell us just how strong it was and we have to see how much...